New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-26


same eight months of So but the excess of I'M
ports Of specie and bullion S296S2350 against an
export OF 29399S for the period OF the prcced
ing balance for the last eight months In favor
of the country only s273 against SJ3.l5332O
for period of the preceding or thc specie
movement Of the eight months the exports include
81 s45 43O gold aud 81 32327 silver and the imports
$40 gold aud $l2 2569i5 silver against exports
of $40 443 992 gold and S2l 42O256 silver and imports
of 81 9O4l 020 gold ana S2529 go silver Tor the same
eight months OF the preceding year. The movements OF
the month Of February aud of eight months ended Feb
ruary % for three years shown In following taoes
ONE MONTH.
MERCHANDISE.
H:=: Of r:e''''y So
Excess of e1pors~slIol27so a,. s,o,,.a;-
ASD BULLION.
IMPORTS: ss 55sSG t is!S ' i9ss
Excess of exports. 81 25lg66 $552a5is i23
NET BALANCES
Excess OF exports ...sl3.lCiojj s7lloSo q, cc;s;;
EIGHT MONTHS.
MFRcHASDisE.
Tayors ioO s540 s2Gsl9 s4eiso ol s;i2os5sa!
imporis......... 3s0,75S9sl ilo.9i77s3 ]i57ealsI
Excess Of exports s;5,512o55 s5osj9J22 si6S2I.65s
SPECIE AND BULLION.
E1ports............ s2GO7i SCI $aSsGi2ls s23lGs7ol
Imports 3ibo27oS 3lj7o,2jO 5275lo'l
E Esss. S1% imports. s'.os7 ssosoos 'ecs..se
NET BALANCES
Excess OF exports sl5lO52lls s53l5332o s3Gs3s 27j
The amount Of imported merchandise remaining In
bonded warehouses at the end Of February was
against $2G92I977 at the end Of February $50 and
S2s. O5s 449 ut the end ~ February. lss5.
The Immigration into the United states in last February
was 1887 persons. against 9.2G3 IN February s-G anl
9.3ss in February. 1850. The total i'm nisIaiion for
SONS against 5000 for eight months ended February
2s 1886 and l72lG for the eight months ended Fcbru-
airy %. 1850
The Pennsylvania Railroad report for the month OF
February makes another handsome showing OF gains Ia
net earnings the whole 1921 ls3 February,
1856 and IS 1916 February. l-Sj. For the two
months January to February - OF this year the gain
in net whole system is SsJO,Oil 1-sG aud
II, 3O7.32l over 1888
And Erie also makes handsome showing for
the month OF February in a gain in net earnings
OF SOL, 543 February 1856. and S229.3OO over
February, 1855. For the five months ended February .
this year the earnings show gain OF S3l7-3 ovJr
the period OF the preceding year, and gain Of
SssO.OOO the period Of the year preceding
that Upon investigation at the company's Office we
learn that 1t is TO base the amount
OF the first charges for the whole year upon
what they (Sl,-77,i1-j for the first quar-
ter-ended December 81, 1e-G-of tho compiny's
fiscal year. For instance tho first charges set down for
were 81 9js 67s that ratio the first charges of last
year would have Amounted S7.s3i7l2. whereas they
did amount only ~ Oi3.25S Examining the items
charges detailed on pages 60 and 81 Of the COM
panys last annual report 1t Is the opiui". .. an
official OF the company that many Of the
small items will drop ont and that some
Of them will hereafter contribute something towari
increase In the from other sources and there
is no reason expect that the total first charges for the
year will exceed 100000 For the five months already
passed the ratio OF increase In net earnings over the
period OF he preceding year has been 10 10 PEI, cent
At this ratio for the remainder Of tho
tand 1t probably will be greater the net
income including that from other sources.
will exceed $7,0oo.0oo, which sum is
sufficient to pay Gper cent dividend the preferred
| stock and leave a surplus OF 100000
An estimated statement of the business for the quarter
ending March 81 OF the Lake Shore and Michigan south
ern Railway Company published. On application at
the companys Office, while denying that authority for its
publication was given is learned that the figures pub
Iisbed arc correct copy of the statement presented TO
the directors. There to have been leak
though In the past the company never
TO had any difficulty In suppressing information
cept when officially promulgated. Never in the past
history OF the company when IL paying quar-
tcry dividends, has 1t issued estimated quarterly state
ments The departure in that respect OF the New
York Central and Hudson River Railroad Company seems
to be becoming epidemic in the neighborhood Forty
| secODd-st The statement which IL printed below
| under "Raroad Earnings" is disappointing
| TO expectations which have been encour-
aged by heretofore scmi-oiicial statements
OF the large gains in earnings which tho company
making We compare 1t with the Official reports to the
stas Commissioners for the corresponding quarters Of
1855 and 1886 While the gross earnings show in
crease over 1856 Of $5S0OO0 the operating expenses
were increased $4,000 OF which explained
as being the amount charged to expenses for equip
ment; but this still leaves $33s0O0 for ordinary
ueuses in excess those for the quarter OF 1886 Tho
surplus over first charges Is $500OoO per cent on the
| stock) a gain OF $l62,5 ON that OF 1886.
The stock speculation today gave greater volume OF
business 2537s shares against 2O94Os shares ycster
day. and ruled strong tho time Of the publication OF
the Lake Shore statement Then free selling OF that
stock which before had ruled at 95as 995 marked its
| figure down to 9IA. This had more or
| less effect upon the whole market; where 1t
did not depress values IL checked transactions. Erie
after selling 81 depressed 10 332 an anaIj SIS
OF its based upon Its first charges for the year
being at the ratio of those reported for the first quarter
of the year ut lower ngnre however, the price was
stubborn northwestern had sold up TO 1912 declined
To IISss and closed at lls7s and st. Paul which had
risen per cent to 9l4 declined to and closed at oo
and Omaha which had advanced per cent to oO'e de-
clned % and closed at 5Oss There fine work
put into the transactions In Canada Southern II had
risen to SO 587s when prominent broker sold 1000
shares 6S4 seemingly the buying scattered
Insignificant but the price soon rose 10 59'o AMI
Delaware Lsckawapna and Western Company declared